Guadagno backs tax break

July 11, 2014

NEPTUNE – A day after a state agency signed off on a $260 million tax break for Holtec International, Lt. Gov. Kim Guadagno backed the plan, saying it will help revitalize Camden at little risk to taxpayers.

The deal, which could pave the way for 395 jobs to come to the city, was roundly criticized from both the left and the right for being excessive. But Guadagno defended the program.